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Columbia Journalism Review Chastises NY Press For Treatment of NSS/Sedona Story; NASD Sanctions Broker for NSS

Location: Blogs Bob O'Brien's Sanity Check Blog    
Posted by:   bobo 4/25/2006 11:00 PM

I suppose we can add the folks who pass out Pulitzers to the list of "tin-foil hat" brigade cultists who have noted that the NY press seems incapable of writing unbiased coverage about Wall Street's dark side.

The Columbia Journalism Review came out with a pretty damning article today making that observation, and noting that it took the Philadelphia Inquirer to write about REFCO, the Badians, Sedona, naked short selling, etc. - NOT the NY financial press.

Read all about it here.

We have noted here at TheSanityCheck.com for some time that the NY financial press seem to have a "cone of silence" over them when it comes to any issue involving naked short selling. Now we have the preeminent source on print journalism making the same observation.

Huh.

Is anyone baffled by the NY press' seeming complete inability to report on issues that expose the wealthy and powerful of Wall Street to be larcenous?

Take a look at who owns the papers. Or rather take a look at the shareholders who own the companies who own the papers. Maybe that will offer some clues.

-----------------

The NASD just released another bulletin, about a broker who apparently was incorrectly marking short sales as long, failing to borrow the securities, and then failing to deliver them.

How shocking. But that isn't supposed to happen! Haven't we been assured of that again and again?

Of course, 140-something of Dr. Byrne's 150 transactions that failed were incorrectly marked long, as well. So maybe that is the rule, rather than the exception?

Of course, the perpetrator neither admitted to being guilty nor denied being guilty - why would you want to have to have something as simple as guilt in something like this?

Here's the article:



 

FOR RELEASE:
CONTACTS:

Wednesday, April 26, 2006
Nancy Condon (202) 728-8379
Herb Perone (202) 728-8464

 

 

NASD Suspends Broker for 90 Days, Imposes Fine and Disgorgement Totaling $400,000 for Short Sale Violations

Broker Deceived Firm by Executing Short Sales, Marked Long, in Personal Accounts
 

Washington, D.C.�NASD announced today that Steven W. Norin, a broker who is currently registered with Citigroup Global Markets Inc. of New York, has been suspended for 90 days and will pay $400,000 to settle charges that he engaged in a pattern of improper short sales in his personal accounts.

NASD found that from March 2003 through November 2004, Norin executed 100 short sales in 22 different securities and improperly marked them as "long." NASD found that Norin wanted to sell certain securities in his personal accounts short because he believed they were overpriced; when he discovered that there was no available inventory or borrowable stock, he improperly marked the orders long in the firm's order entry system to defeat the system's ability to prevent improper short sales.

NASD determined that in 70 of the improper short sales, Norin made profits totaling $298,547. In the other 30 sales Norin lost money, for a net loss of $2,788 over the course of the 20-month period of misconduct. NASD is requiring Norin to disgorge the profits he derived from the profitable improper short sales and to pay, in addition, a fine of over $100,000.

In settling this matter, Norin neither admitted or denied the charges, but consented to the entry of NASD's findings that in the 100 instances he improperly marked short sales long, he failed to determine affirmatively that there was stock available to fill the orders, caused his firm to fail to report the transactions to the Nasdaq Market Center with the required short sale modifier, and intentionally circumvented the locate requirements of his firm's trading systems to avoid detection.

Investors can obtain more information about, and the disciplinary record of, any NASD-registered broker or brokerage firm by using NASD's BrokerCheck. NASD makes BrokerCheck available at no charge to the public. In 2005, members of the public used this service to conduct more than 4.3 million searches for existing brokers or firms and requested more than 194,000 reports in cases where disclosable information existed on a broker or firm. Investors can link directly to BrokerCheck at www.nasdbrokercheck.com. Investors can also access this service by calling 1-800-289-9999.

NASD is the leading private-sector provider of financial regulatory services, dedicated to investor protection and market integrity through effective and efficient regulation and complementary compliance and technology-based services. NASD touches virtually every aspect of the securities business - from registering and educating all industry participants, to examining securities firms, enforcing both NASD rules and the federal securities laws, and administering the largest dispute resolution forum for investors and registered firms. For more information, please visit our Web Site at www.nasd.com.

Copyright ©2006 Bob O'Brien
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Comments (23)
Re: Columbia Journalism Review Chastises NY Press For Treatment of NSS/Sedona Story By StevieG on 4/26/2006 9:16 AM
Nice to see a recognized authority on the subject exposing the NY financial "press" for what many of us have long known them to be - nothing more than the paid public relations arm of the Wall Street money machine. These guys have a clear agenda and have no interest in such quaint, outmoded journalistic values as "truth" or "integrity". Bastards.
Re: Columbia Journalism Review Chastises NY Press For Treatment of NSS/Sedona Story By Jasper on 4/26/2006 9:47 AM
Ney will finally get his day. Jeepers.

Jasper
Re: Columbia Journalism Review Chastises NY Press For Treatment of NSS/Sedona Story By TOTALKNOWLEDGE2006 on 4/26/2006 9:48 AM
JOURNALIST ARE PAID OFF SLOBS WITH NO INTEREST IN THE TRUTH.. MY 3 PREDICTIONS COME FROM GURUS WHO WORK TO SOLVE CRIMES WITH STATE POLICE.. RESPONSIBLE FOR CAPTURING 3 MASS MURDERERS AND 50 LOST KIDS IN PAST 3 YEARS.... THEIR TARGETS ON SEDONA RANGE FROM $11.00 TO $38.00 IN 2006.. WENT TO CONVENTION IN AC WITH THESE SOOTH SAYERS NONE OF THEM ARE PAID BY STATE POLICE AND ALL SAY NAKED SHORTS WILL BE BLUDGEONED THIS YEAR .. VERY EXCITING EVENT FOR ME AS ALL HAVE BEEN TOUCHED BY THE LIGHT MEANING THEY ALL BEEN PRONUNCED DEAD ONCE AND WERE REVIVED.. ONE ACTUALLY 8X.. AS FOR ME I WILL PUT MY TRUST IN THE LORD.. SORRY BOBO OFF TOPIC BUT IVE BEEN IN THIS FIGHT WAY LONGER THAN YOU...THANKS PAT BYRNE YOU WERE CHOSEN BY HEAVEN TO BE THERE FOR ALL THE SEDONAS OF THE WORLD.. JAG CVM ALSO WILL BE HUGE WINNERS THIS YEAR ACCORDING TO PSYCHICS BOTH HAVE 5X THE FLOAT SHORT AT LEAST... THEY WILL BOTH SEE 50.00 .. COX SAYING THESE ARE MICROCAP COMPANIES SO WAS AMGEN AT 50 CENTS AND IDEC PHARMA AND SO WAS EMC AT ONE TIME.. THAT DOESNT HOLD WATER THATS LIKE SAYING MURDERS OK HE WAS ONLY A STREET BUM.. OUR TIME TO SHINE IS NOW THE THUNDER OF JUSTICE IS OURS.. PRAY THE ROSARY AND DO THE RIGHT THING TO HELP THE POOR WHEN THESE THINGS COME TO FRUITION.. THANKS TO ALL THE HARD WORK OF PAT AND BOB AND DAVE AND GARY AND GARY AND BUD AND FAULK AND ON AND ON.. WITHOUT THESE GUYS WE WOULD BE DEAD AND BURIED.. I WILL CONTINUE TO PRAY FOR YOUR SAFETY AND YOUR HEALTH AND THE WELL FARE OF YOUR FAMILIES.. YOU HAVE STUCK YOUR NECKS OUT ON THE LINE FOR ALL OF US SMALL GUYS WHO CAN NEVER REAPY YOU FOR WHAT YOU HAVE DONE..REMEMBER THE MONTH OF MAY BELONGS TO OUR LADY IN HEAVEN WHO LOVES US ALL..

IT IS OUR TIME TO SHINE
Re: Columbia Journalism Review Chastises NY Press For Treatment of NSS/Sedona Story; NASD Sanctions Broker for NSS By Ginko on 4/26/2006 10:16 AM
Bob, Ray Dirks is the answer for OSTK and NFI. Have Patrick get him on the phone. Check out this story from 1995

"Ray Dirks introduced the company at Equities/Eiten Corporate
Presentation Day and, as founder of the ShortBuster Club, he was the
perfect choice. Organogenesis claims over 100% of its stock float has
been shorted by abusive naked short-sellers. Management is up in arms.
Why don't regulators, especially the SEC, enforce the stock borrowing
rules that would make the naked shorts get dressed? Why should the
company be subjected to unfair criticism from Dow Jones publications
like Barron's, CNBC's Dan Dorfman and Evan Sturza, the point man for the
naked shorts who puts out his own medical investment newsletter and a
higher-priced report with shorting targets?"

=========================================

ORGANOGENESIS: THE SKIN OF THEIR TEETH
Magazine: Equities, AUGUST 1995
--------------------------------------------------------------------------------

You'd be like a Halloween skeleton without your skin. Yet there are few
alternatives to treating that vital organ when it is severely burned or
ravaged by disease. Enter Organogenesis (Amex: ORG-18 1/2).

Ray Dirks introduced the company at Equities/Eiten Corporate
Presentation Day and, as founder of the ShortBuster Club, he was the
perfect choice. Organogenesis claims over 100% of its stock float has
been shorted by abusive naked short-sellers. Management is up in arms.
Why don't regulators, especially the SEC, enforce the stock borrowing
rules that would make the naked shorts get dressed? Why should the
company be subjected to unfair criticism from Dow Jones publications
like Barron's, CNBC's Dan Dorfman and Evan Sturza, the point man for the
naked shorts who puts out his own medical investment newsletter and a
higher-priced report with shorting targets?

The answer from Herbert Stein, the company's chairman and CEO, is to set
investors straight. Stein sent his eggheads to present unflinching
photos and medical data on two screens at Corporate Presentation Day.
They didn't want to recite the usual financial figures. They wanted to
show that Organogenesis is real. "We have the actual results to back us,
" says Stein.

Sturza and others like Overpriced Stock Service may say the company's
products don't work, but Organogenesis marches on in its development of
an important biomedical niche: tissue engineering. The company uses
living human cells and cell-compatible collagen--the major structural
protein of the body--to create living replacement tissue.

One of the resulting products, aptly named Graftskin(TM), is capable of
being remodeled by the body into fully functional tissue. Graftskin
looks, feels and handles just like human skin, yet it comes in
conveniently sized and sealed patches ready for application over wounds.
Many procedures using Graftskin can be performed in a doctor's office.

Skin substitutes like cadaver flesh weren't designed to interact with
the body or reduce the chances of rejection by the body's immune system.
"Our Graftskin has a dynamic interaction with the body," explains
Michael Sabolinski M.D., senior vice president of corporate development
and medical affairs at Organogenesis. In addition, Graftskin appears to
promote better healing of a wound.

In several clinical trials involving over 500 patients, no one has
experienced Graftskin rejections or negative immune responses. "We put
down a tissue that immediately functioned as skin, interacting with the
wound bed," says Sabolinski. "Eventually, the patient's own skin
returned to the wound site."

Graftskin has even done statistically and clinically better than
traditional treatments like a multi-layered compression wrap, where an
ulcerous site is wrapped tightly for six months. In a clinical trial for
treating venous ulcers of the leg, Graftskin was 1.6 times more
effective and three times faster than standard therapeutic compression
in achieving complete wound closure.

It's like an episode of Ripley's Believe it or Not to look at before and
after shots of skin wounds treated with Graftskin. The pictorial
evidence, which stunned the audience at Corporate Presentation Day,
showed blood returning to the wound site, improved cosmetic outcomes,
decreased marking from autografting and re-pigmentation--all with no
additional levels of care required.

How does Graftskin do all this? Others who have tried to grow skin had
one major obstacle: duplicating the functions of the skin's many layers
of cells while leaving out an array of blood and immune system cells
that often cause rejection of the graft. Organogenesis extracted the
different cell types it needed from living tissue (donated from an
infant's foreskin) and managed to reassemble them, layer by layer, so
that they function synergistically like skin.

Graftskin is expected to be the first tissue engineered product approved
by the FDA. The agency recently declared that the company's pre-market
approval application will receive an expedited review.

Not surprisingly, Organogenesis is targeting large markets. The
company's clinical trials have tackled patients with the toughest wounds
burns and ulcers, patients which number over four million across the
country. Future markets the company may address include urinary
incontinence (which afflicts 20 million people), surgical repair patches
for internal organ repair and coatings for endovascular stents.

However, Organogenesis will not vertically integrate into all phases of
the medical industry. "Our mission is to be an R&D and manufacturing
company," explains Sabolinski. "We don't intend to set up a sales
force." To penetrate its markets, the company will establish strategic
alliances with large, established companies. For instance, it has
generated revenues from contract research and licensing agreements with
biggies such as Eli Lilly, which has paid the company $16 million to
research its Graftartery(TM) small-diameter arterial graft.

Naturally, red ink predominates at the bottom line because of
Organogenesis' R&D focus. The company has invested $60 million to date
in clinical studies and research on Graftskin, concentrating about three
quarters of its expenses into R&D. That's half as much as most biotech
firms spend, though. Furthermore, the company has $70 million in capital
funds raised by management.

With strong clinical results and Graftskin possibly hitting American
markets as soon as 1996, Organogenesis could whack a homer clear out of
the investment ball park off of short-sellers' pitches. That is what the
company's fans are rooting for.

PHOTO (BLACK & WHITE): Michael Sabolinski enthusiastically describes the
rapid wound healing results achieved by Organogenesis genetically
engineered Graftskin product: "This medical advance will probably
rewrite medical Patients could also benefit from overall savings in
healthcare costs.

~~~~~~~~
By Susan Rodetis


--------------------------------------------------------------------------------


Copyright of Equities is the property of Equities Magazine, Inc. and
text may not be copied without the express written permission of
Equities Magazine, Inc. except for the imprint of the video screen
content or via the print options of the EBSCO-CD software. Text is
intended solely for the use of the individual user.

Source: Equities, Aug95, Vol. 43 Issue 8, p62, 1p, 1bw.
Item Number: 9510092671
Re: Columbia Journalism Review Chastises NY Press For Treatment of NSS/Sedona Story; NASD Sanctions Broker for NSS By mhelburn on 4/26/2006 10:48 AM
I'll bet that there are a lot of people sweating about this sanction and it is just a matter of time before a whole lot more people go through the disgorgement process. 90 days.. no job and has to give the money back that he probably already spent ..like on taxes.
Re: Columbia Journalism Review Chastises NY Press For Treatment of NSS/Sedona Story; NASD Sanctions Broker for NSS By virakiller on 4/26/2006 11:00 AM
Today in American Finance-- April 26 , 2006
Friends and shareholders,

Chairman Cox at the S.E.C one question ?

You can't be serious can you ?

You told Senator Bennet of Utah yesterday at that charade
that the "micro-cap" markets weren't "worthy" of ENFORCEMENT

Friends- Intel[ticker-INTC] at one point in it's American
trading life was a MICRO-CAP stock trading in those markets
at 1/64 which is 3 cents
Microsoft [ticker-MSFT] also was a micro cap stock trading
at 1/2 which will all know is 50 cents

LOOK AT THE AMERICAN GIANTS THEY HAVE BECOME
THROUGH THESE MICRO-CAP MARKETS

Chairman Cox at the S.E.C is an American CRIMINAL and
TRAITOR to you the American trading public and American
worker and taxpayer.

Yeah- his rich friends that trade these ILLEGAL "counterfeit"
shares are still "scoring big $$$"

Rich ROBBING poor in America continues.

Thank you Chairman Cox for HELPING them STEAL our
American futures and retirement.

You are a villian to the people of this country Mr Cox

The people of this country are growing wiser to this crime
thanks to "patriots" like Bud Burrell,Patrick Byrne,Rod Young,
Richard Altomare,Senator Bennet, Bob O'Brien,Mark Faulk
Dave Patch and COUNTLESS others who are educating the
American shareholders to this crime of counterfeiting.

Mr Cox go read the story of David and Goliath because
history will repeat itself.

You can count on it.

You will no longer ROB THE AMERICAN PEOPLE !

"Today's Robinhood" from myspace.com calls you to
be his "merrymen and women" and help the poor get back what
rich have stolen .And if you take a closer look at site I have some VERY SEXY
merrywomen here

SPREAD THE WORD- HELP STOP THIS CRIME

your friend,
Darren

Re: Columbia Journalism Review Chastises NY Press For Treatment of NSS/Sedona Story; NASD Sanctions Broker for NSS By browntrout on 4/26/2006 11:01 AM
Yes single out a broker and make him take the fall. This is great that they did something but they have let all of the big fish avoid the net. How about that at Citigroup. Like the management did not know this was occuring. Where are their suspensions? They know instantly whether a stock is long or not. For shame!
Re: Columbia Journalism Review Chastises NY Press For Treatment of NSS/Sedona Story; NASD Sanctions Broker for NSS By dave on 4/26/2006 11:38 AM
http://www.bloomberg.com/apps/news?pid=10000088&sid=a99gnSbD5T1E&refer=culture
Re: Columbia Journalism Review Chastises NY Press For Treatment of NSS/Sedona Story; NASD Sanctions Broker for NSS By mhatmccane on 4/26/2006 11:44 AM
Thank you browntrout, I sent an Email to Chris Cox asking him that question about Citigroup and citing the article. See Wall of letters under Forums.
Re: Columbia Journalism Review Chastises NY Press For Treatment of NSS/Sedona Story; NASD Sanctions Broker for NSS By cynabear on 4/26/2006 11:57 AM
good hunting Bunny! Really great articles! I will once more send my FL Senators these articles along with Byrne and Bunny's Naked Shorting for Dummies cartoons and movies..one more time.......the tide is rising on this issue, maybe we should educate someone from Move-on.org they are looking for issues that people are concerned about and making TV ads on the issues when they find candidates williing to take a stand, we need candidates willing to take a stand.....since the politicians have taken their non-stand
Re: Columbia Journalism Review Chastises NY Press For Treatment of NSS/Sedona Story; NASD Sanctions Broker for NSS By gregcable2002 on 4/26/2006 2:41 PM
I'm shocked,how can this guy not get a jail sentence?He stole our money and knew it was wrong and took steps to cover his crime from being found out.Isn't that illegal?
Re: Columbia Journalism Review Chastises NY Press For Treatment of NSS/Sedona Story; NASD Sanctions Broker for NSS By gregcable2002 on 4/26/2006 2:43 PM
Thats it,I'm moving to Russia,at least a person knows where he stands over there.
Re: Columbia Journalism Review Chastises NY Press For Treatment of NSS/Sedona Story; NASD Sanctions Broker for NSS By kalalau73 on 4/26/2006 3:04 PM
This penalty is nothing but a wrist slap! The guy stole $300K. He should be in prison longer than a bank robber. And where is the enforcement against his supervisors and compliance officers that allowed this to happen?

It is way past time to start getting serious about these major crimes. Wrist slaps do not serve as a deterrent.
Re: Columbia Journalism Review Chastises NY Press For Treatment of NSS/Sedona Story; NASD Sanctions Broker for NSS By InTheKnow on 4/26/2006 4:25 PM
Some of these naked shorted stocks are starting to come alive!

SETTLE THE TRADES or have them settled for you!
Re: Columbia Journalism Review Chastises NY Press For Treatment of NSS/Sedona Story; NASD Sanctions Broker for NSS By jcline on 4/26/2006 6:32 PM
I simply want sanctions, bars, indictments and of course jailtime (min.50 years without parole). The organized thwarting of the American Economy is tantamount to treason! The complicit nature of it's continuance demands swift action.

Just settle the trades!
Re: Columbia Journalism Review Chastises NY Press For Treatment of NSS/Sedona Story; NASD Sanctions Broker for NSS By mondo on 4/26/2006 8:11 PM
Outstanding article. Slowling, but increasingly the message is getting some mainstream attention. Bobo, this one is directed to you. The main message as
I see it, that needs to get hammered home is ONE SHARE ONE VOTE! This is
an issue EVERYONE is able to understand. The NAKED/SHORTING convoluted
disgusting- mess is unfortunately not something most people are able to comprehend. Understandably it is raft with misinformation through the Financial
Press. Voting - rights are straightforward and black and white in legal terms,
not much grey area IMO. It is something Everyone is able to identify with.
Re: Columbia Journalism Review Chastises NY Press For Treatment of NSS/Sedona Story; NASD Sanctions Broker for NSS By Y on 4/27/2006 2:11 AM
Infousa Begs Shareholders Not to Vote Proxy Dophin Hedgefunds Agenda
Use the white proxy cardand to disregard dophin's blue proxy card.
Dolphin Asks Investors to Act as Your Proxy

http://home.businesswire.com/portal/site/google/index.jsp?ndmViewId=news_view&newsId=20060426005851&newsLang=en
Re: Columbia Journalism Review Chastises NY Press For Treatment of NSS/Sedona Story; NASD Sanctions Broker for NSS By InTheKnow on 4/27/2006 3:36 AM
When I became a broker in 1965 (No longer in the business) and passed my series 7 test I was was told "Congratulations you now have a license to Steal".

Another was the joke told by one of my clients... "While a group of potential clients were taken on a boat trip the tour guide was pointing out all the grand yachts owned by the top brass of the brokerage houses... one of the group asked "Where do they keep the clients yachts?" Dead silence!
Re: Columbia Journalism Review Chastises NY Press For Treatment of NSS/Sedona Story; NASD Sanctions Broker for NSS By virakiller on 4/27/2006 5:40 AM
Today in American Finance--- April 27,2006
Friends and shareholders,

Another day another American robbery.

Rich ROBBING Poor like clockwork.

The Police Cheif at the S.E.C[Christopher Cox] was in front of Congress Tuesday PLEADING his case that he and his workers
are doing their job and "settling" the markets.

NO-SALE-TRAITOR !!!

The FAIL-TO-DELIVER problem in our markets is SO OBVIOUS
and "heartbreaking" to all that understand this crime. You can understand it too. Here is an example-

You go into work do nothing and get paid ?

Yesterday a known counterfeiting criminal Anthony Elgindy
aka "Anthony Pacific"--Google his name to find out more about
his crimes. He had a May 2nd court date and was given a "pass"
for a later court date.

If that was you or I WE WOULD ALREADY BE LOCKED UP IN
JAIL.

WHY-The "stall tactics" with this obvious criminal[google find
out more] ?
$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$

EXACTLY !!!!

This man may be funding Hamas and other TERRORIST
Orginizations with=
STOLEN AMERICAN MONEY !!!
But-
Why-
How-
Is this man not yet convicted ?
$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$

DEFEND YOUR LIFE
Myspace friends and shareholders of Americas markets.

Call Chairman Cox at [202] 551-2100

Ask him to "settle the American markets or settle in jail"

Today's Robinhood at myspace.com calls to the first of my
"merrywomen" Stacy,Nicole,Jill and lil g so we got maybe
1,600 "fresh eyes" to see this problem through my words.
My little ladies then use their obvious sexuality for more
readers to read about this American crime/tragedy.

My merry beautiful ladies

Spread the word !

your friend,
Darren
Re: Columbia Journalism Review Chastises NY Press For Treatment of NSS/Sedona Story; NASD Sanctions Broker for NSS By bbhindyou on 4/27/2006 5:47 AM
I want to make a REAL scary movie .The return of the living dead.We could make up a fictional government ruling say a supreme court action that says"This is all wrong .Failure to deliver on all stocks that were voided like enron or worldcom must be paid back in cash to the people who bought them.DTCC open your books back to the begining.All stocks must clear in three days.Regulation SHO's grandfathering was illegle buy them in NOW or go to jail."Then we could show all the people who made a killing on this whole DTCC scam arming themselfs and declaring war on the american people openly instead of this slow financial death they have been engaging in.Then we cuold show all the little guys who would get their money back if the supreme court ruling is enforced dissapearing one by one ,dragged off in the night by death squads, shot down in the streets by 'gangs' ,run over by garbage trucks.The one with the money makes the rules.We don't have the money anymore and if we try to get it back the ones with the money WILL make US dissapear just like they made the money dissapear.The supreme court could be the first to go, a scene wher the court building blows up then a bunch of scenes where they hunt down the survivors no matter where they hide.The real terrorists are here taking what we need as a country to survive and if anyone gets in their way...open warfare.No wonder the senator is so polite to cox he's afraid!It would make a good action flick.
Re: Columbia Journalism Review Chastises NY Press For Treatment of NSS/Sedona Story; NASD Sanctions Broker for NSS By virakiller on 4/27/2006 7:20 AM
yeah but they can't kill all of us we will succeed because we will OVERPOWER
them with our numbers
believe me their days are numbered

tic-toc-tic-toc
Re: Columbia Journalism Review Chastises NY Press For Treatment of NSS/Sedona Story; NASD Sanctions Broker for NSS By bbhindyou on 4/27/2006 7:34 AM
The realiy side is worse.The destruction of stock's value and the inability to raise capital has done its work to the american companys.To survive companys are doing anything possible to look more and more profitable at the expense of the american workforce ,who has at the same time lost a lot of their retirement and savings to the market decline since the late 1990's.The result is that now the majority of the actual 'people' of the united states are financially at risk and cannot 'raise capitol' to defend their positions as their rights are taken from them.The concessions of the auto industry lately has givin me a memorable quote from a retired member who had been informed the benifits he had worked for for thirty years had been 'reduced by court settlement.' He could have made almost twice the money in a non union no benifits shop but chose to work for much less for a retirement package..He said"all these years of paying on something I won't receive.It's like I paid a morgage for thirty years then when I went to move in it the house it didn't exist.Now I'm just standing here." I strongly feel we are all 'just standing here'. The benifit has long gone and it wasn't for us.We worked and saved to buy something we don't have and will never receive.Yeah that leaves me pretty much just standing there. I have to admit the gutting of america from the inside out was SLICK.The people who did it never had to dirty their hands to rob us and soon we will be so desperate we will GLADLY take anything they offer to please give us a chance to borrow the money to fix it so we don't go under.REAL SLICK.I wonder what interest rate they will charge us to borrow the money they have stolen from us.
Re: Columbia Journalism Review Chastises NY Press For Treatment of NSS/Sedona Story; NASD Sanctions Broker for NSS By cox on 4/27/2006 8:29 AM
Did anyone ever determine if there is any relationship between Cox and the Cox family that owns Dow Jones (Cox's are married into the Bancrofts)?

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